Landlords are seeing higher returns on their single-family rentals. A new report from CoreLogic shows that rents increased at the fastest rate this February since September of 2016. SFRs with the fastest rate of rent growth are also at the low-end of the spectrum.
The firm’s Single-Family Rental Index tracks rents in 20 metros, and shows an average 2.9% increase in February of this year compared to 2.7% last year. Looking at the past year, rent growth was 3% for all rentals from low-end to high-end.